Is Palmer, TN 37365 a buyer’s or seller’s market?
Palmer is a seller’s market. With about 3.2 months of supply and 43% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Palmer housing market right now
In the three months ending August 31, 2026, 43% of homes in Palmer, TN 37365 sold above their list price, the typical home went under contract in 84 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (95 days then) and the median sale price rose 64% to $254,890. Overall, Palmer is more competitive than a year ago, so tougher for buyers.
Within Grundy County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Gruetli Laager 37339 (0% sold over asking) or Beersheba Springs 37305 (0% sold over asking).
Run the numbers for 37365
Nearby markets
Altamont 37301Buyer’s market $248 /sq ftBeersheba Springs 37305Balanced $282 /sq ftCoalmont 37313 — /sq ftGruetli Laager 37339Buyer’s market $167 /sq ft Browse all markets →Towns like Palmer nearby
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Questions about Palmer real estate
Is Palmer a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Palmer, TN 37365 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Palmer?
The typical home went under contract in 84 days in the latest three months.
Do homes in Palmer sell over asking?
43% of homes sold above their original list price, and the typical sale closed at 97.1% of the list price.
What are property taxes in Palmer?
About 0.38% of a home’s value a year in Grundy County, or roughly $1,520 on a $400,000 home.
What is the median home price in Palmer?
The median sale price was $254,890 in the three months ending August 31, 2026, about $152 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology